This module requires students to go through the steps necessary to calculate straight-line, units of activity, and double declining balance annual depreciation expense. Each method asks questions and requires a depreciation schedule be completed. Students are also asked to compare and contrast the results of the three methods in terms of impact on the balance sheet and income statement.
Type of Material:
This module could be used in class for the focus of the lecture or as homework, or outside of class as homework or a study aid.
Browser and Word 2007
Identify Major Learning Goals:
The purpose is to walk students through the steps in calculating depreciation under 3 methods.
Target Student Population:
High School, College Lower Division
Prerequisite Knowledge or Skills:
Its (the worksheet) use is intended after students have an understanding of the basic accounting equation, the relationship between the balance sheet and income statement, and an understanding of the matching principle. Students must know the terminology and concepts related to depreciation.
Context for use is suggested by the author. The worksheet summarizes the material well.
Potential Effectiveness as a Teaching Tool
Provides good practice for students in applying and comparing three methods of depreciation/amortizing long-lived assets. Learning goals and teaching tips have been included along with the higher order thinking skills required.
The tool doesn’t tie in directly with the balance sheet and income statement, only by inference in terms of the headings in the tables used with each of the three methods.
Ease of Use for Both Students and Faculty
This module is very easy to use, having very clear instructions.
This worksheet is not designed for the online environment. Should instructors wish to use the worksheet effectively in an online environment, its contents could be adapted using the quizzing features available within a typical Learning Management System.The module is generally not visually appealing.
Other Issues and Comments:
Although this is written in conjunction with Kimmel, P.D., Weygandt, J. J., & Kieso, D. E. (2009). Accounting Tools for Business Decision Making, 3rd ed., John Wiley & Sons, Inc., this can be used with any textbook.
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